Post
Topic
Board Economics
Re: Anybody know what happens when Bitcoin hits 21M circulating supply?
by
frowsiter
on 17/06/2018, 09:47:40 UTC
When that happens (or when mining a block is almost impossible) the price of bitcoin will spike as the only way to get btc will from person who own some already.Miners will only be able to make money from transaction fees,verifying transactions

The major change will be in the way mining operations get done. The fees might just boom a lot because miners will have only one way of getting paid and that is mining fees. Because bitcoins will be mined fully and thus there will be no block that will be remained to add into the blockchain. However, whiner a transaction will be done then there will be need of miners who will just algorithmically solve the transaction and add the blocks.

On investors perspective, the demand will be very much high as whole bitcoins will be in circulation. The supply will be fulfilled already and only one thing will surge and that is demand thus rising the prices high.